Friday daily sheep summary
04 November 2016
This week at Wagga, lamb consignments increased 22% to 33,000 head. Quality improved this week, with the bulk of the offering made up of trade and heavy weights and new season sections remaining mostly subdued in price. Export buyers competed strongly, while a smaller group of domestic processors were in attendance, with several southern orders absent from the trade market.
Sheep numbers increased 17%, to 7,000 head. A very good quality offering of mutton was penned this week, with heavy ewes well represented.
- New season trade weight 3 score lambs were back 45¢, to 525¢/kg cwt
- New season heavy weight 4 score lambs eased 34¢, to 545¢/kg cwt
- New season extra heavy weight 4 score lambs slipped 58¢, to 518¢/kg cwt
- Old season trade weight 3 score lambs dropped 34¢, to 525¢/kg cwt
- Medium weight3 score Merino ewes gained 1¢, to 343¢/kg cwt
At the close of Thursday’s markets:
- The eastern states restocker lamb indicator settled 4¢ lower, at 616¢/kg cwt
- Merino lambs were up 3¢, to 540¢/kg cwt
- Light lambs were up 1¢, on 575¢/kg cwt
- Trade lambs were back 6¢, to 549¢/kg cwt
- Heavy lambs eased 7¢, to 539¢/kg cwt
- The mutton indicator settled 2¢ dearer, at 359¢/kg cwt
Note: All yardings and prices referenced are from MLA reported saleyards.
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